Browse by: "F"

Given the increasingly digital environment for financial products and services, now further accelerated by responses to the COVID-19 pandemic, and the potential for digitalisation to support greater financial inclusion and inclusive growth, effective financial consumer protection is more important than ever. It is equally important that the policies and approaches developed and adopted by financial consumer protection authorities evolve and adapt in line with the changing environment.

This report sets out key findings, conclusions and policy considerations relating to financial consumer protection approaches in response to the issues associated with ageing populations. It sets out detailed analysis of inputs provided by members of the G20/OECD Task Force on Financial Consumer Protection and the International Financial Consumer Protection Organisation (FinCoNet). This report is a complementary piece to the G20 Fukuoka Policy Priorities on Ageing and Financial Inclusion, produced by the GPFI and the OECD for the Japanese G20 Presidency 2019 and published in June 2019.

This publication provides an overview of the recent trends and developments in financial education policies and programmes in Europe.  It describes the status of national strategies for financial education and various financial education programmes targeting a variety of audiences and through a variety of delivery channels. Based on the analysis of these initiatives, the report offers policy and practical suggestions for European policy makers and other stakeholders.

Are tax incentives the best way to encourage people to save for retirement? This publication assesses whether countries can improve the design of financial incentives to promote savings for retirement. After describing how different countries design financial incentives to promote savings for retirement in funded pensions, the study calculates the overall tax advantage that individuals may benefit from as a result of those incentives when saving for retirement. It then examines the fiscal cost of those incentives and their effectiveness in increasing retirement savings, and looks into alternative approaches to designing financial incentives. The study ends with policy guidelines on how to improve the design of financial incentives to promote savings for retirement, highlighting that depending on the policy objective certain designs of tax incentives or non-tax incentives may be more appropriate.

The present report examines how governments use financial incentives to promote a better alignment between labour market needs, on the one hand, and the supply of skills, on the other. In doing so, it identifies: i) innovative models that countries may be interested in learning from; ii) best practice in the design and use of financial incentives; iii) framework conditions for their effective use; and iv) limitations and risks in the use of financial incentives.

Australia requires a strong system of adult learning to position firms and workers to succeed as skill demand changes. The country has scope to improve the coverage and inclusiveness of its adult learning system as coverage has declined since 2012, and several vulnerable groups are under-represented. Financial incentives, if carefully designed, can raise participation in adult learning by addressing cost and time barriers. This report summarises the advantages and disadvantages with various financial incentives to promote adult learning based on international and Australian experience. Drawing from these insights, as well as analysis of individual and firm-level barriers, the report provides policy recommendations for how Australia could reform its financial incentives to boost participation.

Rapid globalisation has brought substantial benefits to developing Asia, but it has also heightened the risks associated with policy mistakes, weak financial institutions, and problems in corporate and public governance. The 1997 Asian crisis has demonstrated the urgent need to rethink the sequencing and comprehensiveness of financial liberalisation. Would further opening of Asia's financial systems be helpful or counterproductive in fostering financial stability? What structural reforms do emerging economies need to undertake to ensure that capital inflows are transformed into productive investment? Which regulatory and other requirements would have to be attached to further financial liberalisation? And what role should international organisations and the private sector play in crisis resolution?
This volume seeks to provide answers to these questions by discussing the roots of the Asian financial crisis and suggesting some constructive approaches to crisis resolution. It was produced jointly by the Asian Development Bank and OECD Development Centre based on their fourth joint annual Forum on Asian Perspectives.

This report provides an overview of financial literacy - Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyz Republic, Tajikistan, Uzbekistan and the Russian Federation.This is the second wave of financial literacy surveys conducted by the OECD in the CIS countries. It contains a comprehensive section on financial resilience defined by four clusters of financial behaviours and attitudes.

This report examines the financial literacy needs of migrants and their families in the six CIS/Eurasian economies participating in the Project on Financial Education in the CIS/Eurasia: Armenia, Azerbaijan, Belarus, Kazakhstan, the Kyrgyz Republic and Tajikistan. It addresses the issues in the context of the Sustainable Development Goals (SDGs) and compares these countries against the background of global migration trends and data.

This report reviews existing financial education initiatives in Poland, including their coverage and effectiveness when possible. Based on OECD analysis of available research and taking relevant international good practices into account, it identifies financial literacy needs and gaps in financial education provision to support the development of a national strategy for financial education in Poland.

This 2020 report presents the results of a survey of levels of financial literacy in the South East European countries of Bulgaria, Croatia, Georgia, Republic of North Macedonia;, Moldova, Montenegro, and Romania. In addition to calculating globally comparable financial literacy scores, the analysis covers financial inclusion and elements of financial well-being, paying particular attention to attributes of individual financial resilience. The report then makes policy recommendations based on the findings.

The financial management of disaster risks, such as floods, earthquakes, cyclones, terrorist attacks, cyberattacks and pandemics, remains a key public policy challenge for governments around the world, particularly those faced with significant exposures to such risks and/or limited capacity to manage the financial impacts. This short report provides a brief overview of the key findings and lessons from the last five years of OECD work3 on the financial management of disaster risks

This report applies the lessons from the OECD’s analysis of disaster risk financing practices and the guidance in the OECD Recommendation on Disaster Risk Financing Strategies to the specific case of earthquakes. It provides an overview of the approaches that economies facing various levels of earthquake risk and economic development have taken to managing the financial impacts of earthquakes.

Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting, multi-generational effects. The financial management of these impacts is a key challenge for individuals and governments in developed and developing countries. G20 Finance Ministers and Central Bank Governors and APEC Finance Ministers have recognised the importance and priority of disaster risk management strategies and, in particular, disaster risk assessment and risk financing. The OECD has supported the development of strategies for the financial management of natural and man-made disaster risks, under the guidance of the OECD High-Level Advisory Board on Financial Management of Large-scale Catastrophes and the OECD Insurance and Private Pensions Committee. This work has included the elaboration of an OECD Recommendation on Good Practices for Mitigating and Financing Catastrophic Risks and a draft Recommendation on Disaster Risk Financing Strategies  The Financial Management of Flood Risk extends this work by applying the lessons from the OECD’s analysis of disaster risk financing practices and the development of its guidance to the specific case of floods.

This report, prepared at the request of Deputies of the G10, reviews economic consequences of ageing populations for financial markets and recommends that a) governments help facilitate development of financial instruments to support retirement savings and pensions; b) governments strengthen regulation and supervision of these markets; c) tax rules should not hinder the build-up of financial buffers by private pension funds, but should avoid the abuse of tax deferrals; and  d) financial education needs to be strengthened.

OECD's three-times-yearly analysis of trends and developments in national and international financial markets. This issue's special feature covers recent trends in privatisation.

OECD's three-time-yearly report on financial markets in its Member countries. This issue's special report focuses on recent trends in foreign direct investment. There are also some new statistics on institutional investment in OECD countries.

Financial Market Trends provides, three times each year, an assessment of trends and prospects in the international and major domestic financial markets of the OECD area. Each issue includes comprehensive commentary, statistics, and graphs on current developments in internationally syndicated medium-term euro-credits, other international bank lending, euro-bonds and traditional foreign bond issues, and a review of monetary and financial trends in major OECD Member countries. This issue's special features cover the Impact of Institutional Investors on OECD Financial Markets and the annual report of the Financial Action Task Force on Money Laundering.